STOP: Stop Tar Sands Operations Permanently

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Posts Tagged ‘co-operative financial’

Dirty Oil could Bake the Planet

Posted by mhudema on July 31, 2008

‘Unconventional oil not sustainable’

listen

A report on extracting oil from oil sands and oil shale says the methods are environmentally and economically unsustainable and will undermine efforts to combat global warming because of the increased levels of atmospheric CO2 that is produced during production.

According to the World Wildlife Fund and Manchester-based Co-operative Financial Services, oil companies are increasingly looking to exploit new oil sources, previously deemed uncommercial, to meet world demand.

However, the extraction of oil from oil sands and oil shale creates up to eight times as many emissions as conventional oil production does. It also involves three times as much water to produce a barrel of oil and involves forest clearance.

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